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Wednesday 26 October 2011

ioffersolutions Real Estate Services: Invest Your Money In Real Estate

ioffersolutions Real Estate Services: Invest Your Money In Real Estate: Ioffersolutions Real Estate Service Inc . “An Ideal Investment Alternative that just makes better Dollars and Sense!” The super rich...

What is Exactly is Rent to Own?


 
 What is Exactly is Rent to Own?

Rent to own provides people with the opportunity to enjoy their homes as a homeowner would, even though they may not currently qualify for conventional financing or have a large down payment to put towards a home purchase. When you rent to own a home, you do not have to qualify for a mortgage but you are able to enjoy many of the benefits of home ownership.

Renting to own combines some aspects of renting a home and some of purchasing one. For example, it is similar to purchasing a home because a down payment is required, and it is similar to renting a home because there is a rent schedule. One important thing to keep in mind is that – unlike a typical rental situation – a portion of your monthly payment goes towards the down payment that will be required when you obtain a mortgage to complete the future purchase of your home.